The report titled “Microdisplay Market” sheds a concentrated focus on the Microdisplay industry in terms of market driver, opportunities, restraints of global segmentation. Further data on the reports also includes demographic conditions, over-turning changing business cycles and analyzing country-to-market.
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The Global Microdisplay Market size is projected to grow from USD 712 Million in 2020 to USD 3,609 Million by 2025; it is expected to grow at a CAGR of 39.4% from 2020 to 2025.
Top Companies Profiled in the Microdisplay Market:
- Seiko Epson
- Emagin Corporation
- Kopin Corporation
- Olightek Opto-Electronic Technology
- Himax Technologies
- Holoeye Photonics
- Wisechip Semiconductor
- Raystar Optronics
- Winstar Display
“The market for medical estimated to grow at the highest CAGR during the forecast period”
The medical segment of the microdisplay market is projected to grow at the highest CAGR during the forecast period owing to an increase in the number of COVID-19 patients across the world. With the outbreak of COVID-19, microdisplay manufacturers such as eMagin and Kopin are making efforts to develop microdisplays for use in medical applications to extract increased business revenues
“Microdisplays to captures the major market share in Asia Pacific”
Various industries, such as automotive, electronics, and healthcare, have been witnessing a rapid growth in China, which has boosted the demand for microdisplays in the country. China is projected to lead the microdisplay market in APAC from 2020 to 2025. The growth of the market in APAC can be attributed to the flourishing electronics industry and defense sector in China, Japan, South Korea, and India.
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Breakdown of primary participants’ profile:
- By Company Type: Tier 1 – 10 %, Tier 2 – 20%, and Tier 3 –70%
- By Designation: C-Level Executives – 45%, Directors – 35%, and Others – 20%
- By Region: Americas– 50%, Europe – 20%, and APAC – 30%